Avid Technology, Inc. (NASDAQ:AVID) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AVID to report 3Q20 income of $ 0.13 per share.
For the full year, analysts anticipate top line of $ 356.31 million, while looking forward to income of $ 0.52 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 417.00 million ~ $ 437.00 million, where as bottomline are predicted in a range of $ 0.84 ~ $ 0.93 per share
Click Here For More Historical Outlooks Of Avid Technology, Inc.
Previous Quarter Performance
Avid Technology, Inc. unveiled income for the second quarter of $ 0.12 per share, from the revenue of $ 79.28 million. The quarterly earnings 500.00 percent while revenues shrunk 19.68 percent compared with the same quarter last year. The top line results outshined analysts by $ 1.87 million or 2.42 percent.
Stock Performance
Shares of Avid Technology, Inc. traded low $ -0.31 or -3.43 percent on Tuesday, reaching $ 8.72 with volume of 235.40 thousand shares. Avid Technology, Inc. has traded high as $ 9.02 and has cracked $ 8.64 on the downward trend
According to the previous trading day, closing price of $ 8.72, representing a 93.36 % increase from the 52 week low of $ 4.67 and a 6.52 % decrease over the 52 week high of $ 9.66.
The company has a market capital of $ 383.27 million and is part of the Technology sector and Electronic Gaming & Multimedia industry.
Conference Call
Avid Technology, Inc. will be hosting a conference call at 5:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.avid.com
Avid Technology, Inc. develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The companys video products and solutions include the Media Composer, which is used to edit video content, such as television programming, commercials, and films; Avid NEXIS shared storage systems; and Maestro product line solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows.
